The International Trade and Industry Ministry of Indonesia boldly raised a “no cheap stuff” sign on its entry points, targeting specifically nylon film from trade rival countries of China, Thailand, and Taiwan. Import duties have been slapped on it, and the amount is indeed big. Think of it this way: your favorite local shop is being squeezed out by a …

On Wednesday, the Minister of Commerce of Thailand made the announcement that Thailand’s customs-based exports increased by a greater percentage than the projected 11.9 percent in June compared to the same month in the previous year. This gain was helped along by an increase in demand all across the world as well as a weaker baht on July 27. Exports, …

INDONESIA: Fifty tons of frozen chicken from Indonesia arrived in Singapore on Wednesday (Jul 13). Indonesian enterprises will now be able to export chicken to Singapore for the first time under a new arrangement. According to Charoen Pokphand Indonesia (CPI), the Thai food conglomerate’s unit in Indonesia, it has signed a contract with an importer in Singapore for the supply …

Indonesia – Indonesian President Joko Widodo argued over a series of policy U-turns on palm oil exports when the cabinet was reorganized on Wednesday. The Minister of Trade was dismissed. Zulkifuri Hasan, the leader of the National Delegation Party (PAN) and  former Minister of Forestry, has been appointed as the  new Minister of Trade of the country. His predecessor, Muhammad …

Surprisingly, The fares of Indonesian handiwork items to Japan arrived at US$10.32 million in January-May, 2021, an empowering figure in the midst of the pandemic, particularly for Small and Medium Enterprises (SMEs). The Indonesian workmanship items, for example, ribbon caps and other head covers, are famous with the Japanese public,” the service’s overseer of fare advancement collaboration. Other workmanship items …

Just after the United States extended special tariff concessions to South-East Asia’s largest economy, Indonesia is expected to enjoy a rise in exports despite US-China tensions. The privilege, referred to as the Generic Scheme of Preferences (GSP), encompasses more than 3,500 pieces of merchandise, ranging from electronic devices and toys for children to sporting equipment and wigs. This facility was …